Sale Shares definition
Examples of Sale Shares in a sentence
All outstanding shares of the Company are duly authorized, validly issued, fully paid and non-assessable, including all amounts provided for in any agreements for the purchase of the Sale Shares of the Company have been fully paid and such shares have been issued prior to the Effective Date.
No consent, approval or other order of, action by, filing, registration or qualification with or notification to, any relevant governmental authority, regulatory agencies (each of the foregoing, a “Governmental Approval”) or any other person is required to be obtained prior to Closing on the part of the Sellers in respect of the disposal of the Sale Shares, including but not limited to any pre-approval of the Share Transfer pursuant to the SFO.
Each of the Purchasers hereby acknowledges and agrees, that (a) it has had the opportunity to conduct its own due diligence in connection with the Transactions, the Company and its business and the Sale Shares and (b) it, by reason of its, or its management’s, business, financial or investment experience, has the capacity to evaluate the risks (including those related to the existence of such Information) involved in the Transactions and to protect its own interests in connection with the Transaction.